NextEra Energy Partners LP [NEP] stock prices are up 0.33% to $27.12 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NEP shares have gain 5.20% over the last week, with a monthly amount glided 7.41%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
NextEra Energy Partners LP [NYSE: NEP] stock has seen the most recent analyst activity on September 19, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $28. Previously, Morgan Stanley downgraded its rating to Underweight on July 31, 2024, and dropped its price target to $20. On July 25, 2024, downgrade downgraded it’s rating to Peer Perform. Raymond James downgraded its rating to a Mkt Perform. RBC Capital Mkts downgraded its rating to a Sector Perform and reduced its price target to $30 on July 01, 2024. Barclays downgraded its rating to Underweight for this stock on June 13, 2024, and downed its price target to $25. In a note dated June 12, 2024, Mizuho downgraded an Neutral rating on this stock but restated the target price of $33.
The stock price of NextEra Energy Partners LP [NEP] has been fluctuating between $20.17 and $48.89 over the past year. Currently, Wall Street analysts expect the stock to reach $49.89 within the next 12 months. NextEra Energy Partners LP [NYSE: NEP] shares were valued at $27.12 at the most recent close of the market. An investor can expect a potential return of 83.96% based on the average NEP price forecast.
Analyzing the NEP fundamentals
The NextEra Energy Partners LP [NYSE:NEP] reported sales of 1.20B for trailing twelve months, representing a drop of -3.08%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.63.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.82 points at the first support level, and at 26.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.42, and for the 2nd resistance point, it is at 27.73.
Ratios To Look Out For
It’s worth pointing out that NextEra Energy Partners LP [NYSE:NEP]’s Current Ratio is 1.30. On the other hand, the Quick Ratio is 1.22, and the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 2.12, the price to book ratio is 0.72 and price to earnings (TTM) ratio is 8.53.
